In September of 2015 I decided to buy some hashpower in Genesis Mining. The bitcoin was about 250€ and I started with 80€ more or less bying haspower.
(I don't know how much it was, because they don´t have investing payments history in the backoffice).
Why is not an investment for life?
If it is a SCAM or not, here is my history with genesis mining, NOW YOU CAN TAKE YOUR CONCLUSIONS.
More or less costs my hashpower bought never could be 0, because as they said in contract I bought SHA256 for life.
Nowadays I keep using Cloud Mining Companies that works as they promised, but for me Genesis Mining is not one of those.
This is the answer email
Sent: domingo, 8 de outubro de 2017 09:00
Subject: Re: [#290637] Website query from Nuno Pereira
thank you for contacting us.
First of all, we apologize for the delayed response.
We are receiving a significant number of tickets at the moment.
Your sha256 contracts with fees USD 0.0015 per GH/s and day, USD 0.00095 per GH/s and day and USD 0.00079 per GH/s and day became unprofitable and then terminated.
Genesis Mining Customer Service
Genesis Mining is one of the well known company of the Cloud mining market but it is a huge scam. No one can make a return on investment with the fees they are taking on "lifetime" contracts. By the way, they are calling it "lifetime contracts" but it will only pay during 2-3 months and will be cancelled when the fees are higher than your payout.